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18th Apr 2019
The ban preventing landlords and letting agents in Wales from charging fees to set up, renew, or continue a standard occupation contract, looks set to come into force in September.
Subject to gaining Royal Assent, from 1st September 2019, agents and landlords will only be able to charge fees that are explicitly permitted by the Bill.
Whilst not all landlords will be familiar with standard occupation contracts, they are due to replace assured shorthold tenancies when the Renting Homes (Wales) Act 2016 is finally introduced.
The Bill will mean it is illegal for landlords and letting agents to charge anything other than permitted payments, which include rent, security deposits, holding deposits, utilities, communication services, council tax, green deal charges and default fees.
The new law will also restrict holding deposits to one week's rent with provisions to ensure their prompt repayment.
Commenting on the Bill, David Cox, chief executive of ARLA Propertymark, said: "The tenant fees ban is now an inevitability in Wales, and agents need to start preparing for a post-tenant fees world."
"The Bill will receive Royal Assent in the coming few weeks, before being passed into law and implemented on 1st September 2019."
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